Somalia pirates free MV Panama after $7 mln ransom paid
MOGADISHU (Reuters) - Somali pirates freed the Liberian-flagged container ship MV PANAMA seized last December after receiving a $7 million ransom on Tuesday, pirates holding the ship told Reuters.
The vessel was hijacked on Dec. 10 en route from Tanzania to Mozambique with a crew of 23 from Myanmar.
"We received the agreed ransom of $7 million early in the morning after long negotiations. Now we have abandoned the ship and it is sailing away safely," a pirate who gave his name as Abdi told Reuters.
Somali piracy is estimated to cost the world economy billions of dollars a year and international navies struggle to combat the menace, especially in the Indian Ocean due to the vast distances involved. The shipping industry has warned that seaborne gangs pose an increasing threat to vital sea lanes.
The pirates are becoming increasingly violent and are able to stay out at sea for long periods using captured merchant vessels as mother ships.
(Reporting by Mohamed Ahmed; Editing by David Clarke)
- Tweet this
- Share this
- Digg this
- Japan's NTT DoCoMo to exit India telecoms joint venture - sources
- Apple, Google agree to pay over $300 million to settle conspiracy lawsuit
- Nokia to name Rajeev Suri as next CEO on Tuesday - report
- BREAKINGVIEWS-Review: India's Singh wasn't king, Modi could be
- Met office sees below-average monsoon in 2014
Obama On Tour
U.S. President Barack Obama wrapped up a state visit to Japan on Friday during which he assured America's ally that Washington would come to its defence, but failed to clinch a trade deal key his "pivot" to Asia and to Prime Minister Shinzo Abe's reforms. Full Article
Search for missing Malaysian jet likely to take years - U.S. official. Full Article